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Recording GST on Imports in EXO


These instructions take you through the process of setting up EXO for GST on imports and how to process your freight forwarder GST invoices.


Setting up your GST codes


Create a new GST code for 100% Customs GST

Select Setup > Business Admin Settings (General Setup)



Select EXO Finance > Tax Rates from the left hand panel



Create a new tax code for 100% Customs GST



Check to ensure that your NONCAP PURCH - IMPORTS tax code is linked to the correct tax return key point G11w - Non Capital Purchases - without GST in the price.

This tax code should be assigned to your overseas suppliers.



Processing your freight forwarder invoice


To simplify data entry create a new lookup stock code for GST on Imports ensuring that you set the tax code on purchases to 100% Custom GST




Create new creditor invoice

Select your GST on Imports stock code and enter your GST on imports amount into the GST column.

NOTE:  This is the only time you would enter into or override the value in the GST field.




Entries created in the General Ledger


When the creditors ledger is posted the following journal entry is posted to record the GST on imports




Tax Report by Rate Type




BAS Return




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